💼Reliance, Amul, UPI: Key Updates
Your daily dose of business news
🗞️ Reliance poised for a major re-rating in FY26
Analysts believe Reliance Industries is at an inflection point, with potential for a big FY26 re-rating. Key drivers include Jio's profitability, retail expansion, and clean energy bets. With diversified growth levers, the stock could regain investor interest after a muted FY25.
Expert Take:
🔹 “With clear visibility in all three verticals, RIL could outperform over the next 12–18 months,” says a Morgan Stanley analyst.
🗞️ UPI outage triggers FM's intervention
After reports of widespread UPI disruptions, Finance Minister Nirmala Sitharaman directed NPCI and stakeholders to resolve backend issues. The disruptions, although temporary, raised concerns given UPI's backbone role in India's digital economy.
🗞️ IndusInd Bank Deputy CEO resigns after accounting probe
Arun Khurana, Deputy CEO of IndusInd Bank, has stepped down following a probe that confirmed discrepancies in derivatives accounting. The resignation comes amid increasing scrutiny of internal controls within the bank.
Expert Take:
🔹 “Leadership exits after such findings usually signal deeper governance clean-ups. Short-term volatility is likely,” says an HDFC Securities banking analyst.
🗞️ Trump offers tariff relief to carmakers
Former US President Donald Trump has offered to ease auto tariffs after appeals from major carmakers. The move, seen as a bid to balance trade rhetoric with economic interests, could help European and Asian auto firms navigate upcoming regulatory hurdles.
🗞️ Motilal Oswal bullish on UltraTech Cement
Motilal Oswal has issued a ‘Buy’ on UltraTech Cement, setting a target of ₹13,900. The brokerage expects strong volume growth and margin resilience as infrastructure demand holds steady.
🗞️ Gensol faces serious allegations of fraud
A damning report accuses Gensol Engineering of “fraud in plain sight,” citing questionable related-party transactions and overstated revenues. The expose may prompt SEBI scrutiny, and retail investors are being cautioned.
🗞️ ChatGPT takes on Google in shopping search
OpenAI's ChatGPT is testing a shopping search feature that challenges Google’s dominance. By pulling product info from live web sources, the feature enables users to browse options in natural language — hinting at AI’s growing role in commerce.
🗞️ Amul’s protein kulfi gets roasted online
Amul launched a high-protein kulfi and lassi, but social media wasn’t buying it. Memes and jokes like "Paani mein protein mil chuka hai!” quickly trended, highlighting the disconnect between product innovation and consumer sentiment.
📊 Market Updates (April 29, 2025)
Nifty 50: 24,394.6 ▲ +0.28%
Sensex: 80,445 ▲ +0.29%
Bank Nifty: 55,205.90 ▲ +0.87%
USD/INR: ₹85.26 ▼ -0.3%
Brent Crude: $65.60 ▼ -0.4%
Bitcoin: $95,000 ▼ -1.78%